Commissioners Court Meeting
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64.
Meeting Date:
03/29/2016
Actuarial Report
Submitted for:
Melinda Mata
Submitted By:
Melinda Mata
Department:
County Judge
Subject:
Discussion and possible action to reverse the Auditor's office unauthorized action to expense approximately $1,471,000 Dollars from the general fund balance due to an actuarial report received by the county on November 24, 2015; and any other matters incident thereto.
[Requested by Budget Officers]
Issue:
The actuarial report provides a projection of future liability claims against the Workers Compensation fund. Only Commissioners Court can approve the amount of money needed to be set aside for these future liabilities.
Solution:
Reverse the unauthorized transfer of monies deducted from the county general fund balance and make recommended changes.
Result:
To increase the workers compensation fund by an amount approved by the court.
Background:
Previous Court Action:
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